Today in Apple history: Pixar makes Steve Jobs a billionaire
November 29, 1995: Capitalizing on the success of Toy Story, Pixar floats 6.9 million shares on the stock market. The IPO makes Steve Jobs, whoowns upward of 80 percent of the company, a billionaire for the first time.
After the windfall, one of the first people Jobs calls is his friend Larry Ellison, already a member of the billionaire’s club.
“Hello, Larry?” Jobs tells his friend on the phone. “I made it.”
Read full Article here »